$ZEC/BTC 12h (Binance Margin) Falling wedge facing resistance
Zcash could keep going down until it finds true support.
RR= 1:3
P= +37.75%
L= -12.60%
RR= 1:3
P= +37.75%
L= -12.60%
Trade closed: stop reached:
SL hit with -12.60% (1x) and -1R
Stop hunted for Zcash then got rejected on 100EMA, still looks good for some retracement down though.
If you are holding short, please use SL, above 0.004010 would be wise.
Stop hunted for Zcash then got rejected on 100EMA, still looks good for some retracement down though.
If you are holding short, please use SL, above 0.004010 would be wise.
Trade closed: target reached:
TP was reached with +37.75% and +3R
Zcash kept going down hitting target before it reversed, death cross worked as a charm.
Zcash kept going down hitting target before it reversed, death cross worked as a charm.
Zcash was definitely good to short, but Stop was a bit too tight as we mentioned the other day.
If you are still in you better take some profit and move SL at BE, we just saw a big leg up and down.
That strong rejection again can lead to more down-trend but something could be cooking on Privacy Coins...